Share Name Share Symbol Market Type Share ISIN Share Description
Mckay Securities Plc LSE:MCKS London Ordinary Share GB0005522007 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.44% 229.00 1,739 16:35:21
Bid Price Offer Price High Price Low Price Open Price
229.00 237.00 231.00 228.00 229.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 28.59 -16.58 -17.45 215
Last Trade Time Trade Type Trade Size Trade Price Currency
17:45:51 O 490 229.418 GBX

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Date Time Title Posts
18/8/202108:42MCKS with charts940
28/4/200912:23McKay Securities - Great Yield and Solid Uptrend590

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Mckay Securities (MCKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-24 16:45:52229.424901,124.15O
2021-09-24 15:35:21229.002045.80UT
2021-09-24 15:27:48231.0052120.12AT
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Mckay Securities (MCKS) Top Chat Posts

Mckay Securities Daily Update: Mckay Securities Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker MCKS. The last closing price for Mckay Securities was 228p.
Mckay Securities Plc has a 4 week average price of 220p and a 12 week average price of 219p.
The 1 year high share price is 240p while the 1 year low share price is currently 175.50p.
There are currently 93,808,450 shares in issue and the average daily traded volume is 15,115 shares. The market capitalisation of Mckay Securities Plc is £214,821,350.50.
cwa1: Cheers for the replies guys, much appreciated even if there isn't a lot of love in the room for MCKS!
nickrl: Not worth holding for divi and can't see much scope for it to increase much from here. The balance sheet got a boost with the cash from Lombard Street finally on the books but the share buyback hasn't done much for share price unlike others. Are they worth holding for a potential buyout - maybe but with only 28% in industrials not sure what the attraction would be.
cwa1: Taken a few at 219 in the closing auction. Hoping it will be a sensible medium term price to get in at with the prospects of better things to come. It's a solid discount to current NAV and a respectable yield whilst we await a re-rating. Also the ongoing buybacks should lend SOME support. The last Trading Update seemed solid with rent collection up there with what others have reported. Anyone else still interested here?
nickrl: MCKS directors get 425k shares from the Grant of conditional awards under the 5th Grant of the 2017 McKay Performance Share Plan. This is what puts me off this company directors paid well OK no inv mgr fees but a very generous share option plan then dilutes ordinary shareholders.
nickrl: MCKS results interesting offices down 12% industrial up 18% for an overall 6% loss. Rent collection amongst the best with limited deferrals or impairments. Vacancy rate up slightly and cash finally in the bank from 30 Lombard Street gives improved LTV. Dividend well covered so even with loss of rent on Lombard St scope for another increase but still a low yield at 3.76% puts me off. Buyback 30% of target currently so with recent share price retreat maybe they will dip in again. Question is with discount at near 30% is it a likely target?
ntv: Some ditched a load @211 and 213 last night Why did they not just phone the acting broker for a better price?
nickrl: Hindsight maybe not but if the opportunity presents itself they won't necessarily have the firepower and seems strange, to me anyhow, that they've held back for so long to make the move. This BoD also have a pretty hefty stake via performance share scheme so I could be cynical and say they are making sure its in the money! Yield been to low on this one for me anyhow so will admit to be anarchistic spectator.
cwa1: Update and share buyback announcement just issued:- https://www.investegate.co.uk/mckay-securities--mcks-/rns/trading-statement/202103080700134057R/ Simon Perkins, CEO of McKay, commented: "Despite a period dominated by Covid-19, and two further national lockdowns, McKay has made good progress since October. We are pleased to have completed a range of lettings and lease renewals at or above ERV, invested selectively in our portfolio to enhance post Covid-19 prospects as well as increasing our rent collection for the financial year to date to 93.0% of contracted rent. The close relationships we have built up with our occupiers through our in-house management team, together with our focus entirely on the more resilient office, warehouse and logistics markets of the South East and London have been instrumental in these achievements. "This progress supports our view that the office will continue to play an integral part in the future success of UK business. Occupational strategies will continue to evolve, accelerating many of the trends that we were already responding to before Covid-19, including the importance of innovative and sustainable design, flexibility, short form leases, fitted space and high standards of building management. However, we believe our proactive customer focused approach, combined with the concentration of our office assets within the Thames Valley and other established centres within the South East will support our strategy once the successful vaccination programme allows a safe return to the office. "Having strengthened our balance sheet earlier in the year with the disposal of 30 Lombard Street, EC3, we continue to consider a range of opportunities for the recycling of capital, and have today announced the allocation of up to GBP10.0 million for a share buyback programme. With our shares currently trading at a substantial discount to our net asset value, this programme offers the potential to be earnings accretive and to deliver shareholder value."
skyship: MCKS is prone to sudden sharp moves; though does so with rather poor liquidity. I sense another upward move may be in the offing... free stock charts from uk.advfn.com
skyship: An extract from my spreadsheet on 16 secondary propcos. # Extracted to show those on 40%+ discounts # AIRE & RGL included because of the great yields # All NAV stats are to Jun'20, exc. MCKS still to Mar'20 EPIC share price NAV Disc. Divi Yield --------------------------------------------- AIRE 51.00 83.60 39.00 5.00 9.80 BCPT 67.20 120.70 44.30 3.00 4.46 BREI 52.00 96.60 46.20 2.50 4.81 EPIC 49.50 90.24 45.10 4.00 8.08 MCKS 190.00 329.00 42.20 7.20 3.79 RGL 66.00 102.60 35.70 6.00 9.09 SLI 46.80 79.60 41.20 2.86 6.10 SREI 32.85 57.70 43.10 1.54 4.70 "You pays your money you takes your choice"....but sure looks to be some great value out there, especially those showing good rent collections.
Mckay Securities share price data is direct from the London Stock Exchange
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